| Revenue growth | GWP grew 16% YoY to ₹20,369 Cr in FY26. |
|---|---|
| Margins | Combined Ratio improved to 98.8% from 101.1% YoY. |
| Demand visibility | High; 93% of fresh NOPs are new to insurance. |
Growth
FY26 GWP grew 16% YoY to ₹20,369 Cr; PAT increased 16% to ₹911 Cr; Normalised PAT up 45% to ₹1,222 Cr.
Outlook
Focus on 'Digital First' with 96% digital premium collection and expanding home healthcare to 300+ cities.
Risks
Grievance ratio increased to 27 per 10k policies; Investment yield dropped to 5.8% from 7.6% YoY.
Last quarter's promises, checked
Delivered
- Targeted GWP >₹20,000 Cr → delivered ₹20,369 Cr (= BEAT)
- Guided for Retail Loss Ratio improvement → delivered 68.2% from 69.2% (= BEAT)
- Targeted Combined Ratio <100% → delivered 98.8% (= BEAT)
Partly delivered
- Targeted 1M agents → delivered 8L+ agents on track (= PARTIAL)
Missed
- Guided for normalized investment yield → delivered 5.8% actual yield (= MISS)
Earnings Call filed with NSE, NSE: STARHEALTH. Summary written with AI assistance from the document.
Star Health and Allied Insurance Company Ltd: key numbers
- Share price
- ₹558.15
- Market cap
- ₹32,801 Cr
- Revenue (annual)
- ₹17,825 Cr
- Net profit (annual)
- ₹557.0 Cr
- P/E (TTM)
- 38.9×Sector 22.0×
- Promoter holding
- 58.01%+0.03% QoQ
- FII holding
- 16.04%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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